Report of soybean market information seminar

OA show ('918 '); on March 29, 2000, the "soybean market information seminar" jointly organized by American Soybean Association (ASA) and Dalian Commodity Exchange (DCE) was held in the International Conference Hall of Shangri La Hotel in Dalian Participants include the American Soybean Association, Dalian Commodity Exchange, transnational grain and oil groups, transnational oil extraction companies and domestic well-known grain and oil traders and processors At the meeting, participants had extensive and in-depth exchanges and discussions on soybean production, processing, trade and other related issues Mr Criss Davis of the United States soybean Foundation (USB) first introduced the situation of the United States soybean foundation The foundation is jointly funded by American soybean producers It is mainly engaged in the research of international and domestic soybean market, soybean production improvement and new use development, which are closely related to soybean producers Dai said that so far, the U.S soybean foundation has made significant progress in these areas Later, Tony Anderson, vice president of the American Soybean Association, gave a brief introduction to the American Soybean Association He said that the association is an industry organization between the U.S government and soybean producers Its purpose is to represent and benefit soybean producers Speakers from the American soybean foundation and the soybean association also introduced the issue of transgenes and expressed optimism about the future of genetically modified varieties At the meeting, Zhang Yi, general manager of ConAgra, made a systematic comparison on the export of us grain from the US Gulf to the west of the US Zhang pointed out that although the US grain exports from the US Gulf to China have advantages in FOB, the operation period is longer Taking the export to Shanghai as an example, the export from the US Gulf is about longer than that from the West Bank of the US In 10 days or so, due to the existence of the Panama Canal, the ship capacity may also be limited In view of the fact that most of China's imports of us food come from the US Gulf, Zhang believes that it is necessary for domestic businesses to consider whether they can import food from the West Bank of the US Mr Wang Xun of Bunge, one of the three largest oil extraction enterprises in the world, made an interesting discussion on the current situation and trend of China's oil extraction industry Wang pointed out that the general trend of China's oil extraction industry will be: 1) the oil extraction capacity is surplus, but new plants are still emerging, the scale of oil plants is growing, and the profit of oil extraction is declining; 2) new and large plants with superior positions will be easy to survive The small and medium-sized oil plants far away from the large ones can survive, but the medium-sized ones with poor position and high cost will be gradually eliminated by the market; 3) the domestic oil extraction belt will move southward, and the soybean oil extraction belt will be concentrated in the coastal areas from Dalian to Guangdong and Guangxi; 4) the integration of oil extraction industry and feed industry, more oil extraction plants will appear in the soybean meal consumption area to meet the local demand, so the soybean meal cost Low is conducive to the development of feed industry and the formation of a virtuous circle, and a change of the past situation of only entering soybean meal from the northeast Louis Chen Tao, general manager of Dreyfus) Shanghai company, put forward some original opinions on the risk control of China's grain traders According to Chen, in view of the current market capacity and development stage of China's futures market, China's grain traders are still unable to implement hedging in the domestic futures market The risk control should mainly focus on the improvement of personnel allocation, information processing, purchase and sale methods, and participate in the international market The option market is also a good strategy Xiong Yiqiang, director of feed technology of American Soybean Association, pointed out that the improvement of soybean processing technology and the implementation of soybean peeling and leaching will benefit the oil press, feed plant and feeding plant Peeling and leaching of soybean is the development trend of soybean processing industry After analyzing the soybean, soybean meal and soybean oil market in China, the representative of Andrey and Zeng bin of gargill think that the soybean meal market in China is relatively short, and the soybean market is in the stage of strengthening After the meeting, during the free question stage, the participants had a positive discussion on the issues of GM and trade risks, and the option issue raised by Mr Gu Zhong of Nandu futures company became a hot topic for discussion China feed industry information network CCA (author:)